By Jackie Hong
Students voted to pass a motion for the Ryerson Students’ Union (RSU) to post a detailed breakdown of its budget online during last semester’s semi-annual general meeting.
And, true to the motion, the budget for the 2014-2015 fiscal year (May 1, 2014 to April 30, 2015) is now available on the RSU’s website.
The union represents more than 28,000 full-time students at Ryerson and is funded by a portion of their tuition. The Eyeopener looked over the 18-page document and pulled out some numbers for your reading pleasure (note: 2014-2015 values are proposed budget values; “actual unaudited” expenses are figures the RSU reported but they have not been audited yet):
The 2014-2015 budget has $4,000 budgeted for travel to Canadian Federation of Students Ontario general meetings.
RSU President Rajean Hoilett is budgeted for a $28,650 salary, $4,500 in benefits, $450 in an expense account and $1,000 for special projects, which adds up to $34,600. This is $1,332 less than the actual unaudited expense for his predecessor, Melissa Palermo.
Vice-President Education Jesse Root, Vice-President Equity Pascale Diverlus, Vice-President Operations Dora Adobea and Vice President Student Life and Events Saphi Subendran each have $33,600 budgeted towards their total expenses for 2014-2015.
The total proposed executive expense for 2014-2015 is $169,000; during the 2013-2014 fiscal year, the RSU proposed $169,750 but reported that it actually spent $172,088.
The Graduate Council spent $5,568 on “Orientation Wine and Cheese” in 2013-2014, which is $568 more than proposed and $2,219 more than in 2011-2012.
There’s $5,000 budgeted for it this fiscal year.
Last year the RSU earned a total of $173,797 in revenue at copyRITE printing. Which they own, in case you were wondering.
The RSU gave out $69,142 in bursaries, awards and charitable donations last fiscal year.